Spanish fashion online retailer Privalia has put its operations in Brazil up for sale, a source with knowledge of the matter said on Friday. The source said the company wants to raise around 1 billion reais ($179...
Amazon | Future Retail: CCI says it will pass an order in due course
The Competition Commission of India (CCI) said it will pass its order in “due course” in a dispute between Amazon and Future Coupons (FCPL) even as the US company declined to provide its written response or...
Britain’s M&S buys 25% stake in Nobody’s Child
Britain’s Marks & Spencer has bought a 25% stake in womenswear brand Nobody’s Child, as it seeks to accelerate a revival in its clothing arm, it said on Tuesday. The investment in Nobody’s Child is...
Amazon asked Future Group to withdraw FEMA violation complaint before CCI: Sources
US giant Amazon had asked Kishore Biyani-led Future Group to withdraw its complaint in CCI as the two discussed a possible end to bitter tussle over investments, according to sources. Also, the sources said, a possible...
Eye on IPO, ITC likely to spin off its IT services arm
ITC Ltd is likely to spin off and list its wholly-owned software services business in the coming months at a valuation of ₹20,000-25,000 crore, a person familiar with the matter said, requesting anonymity. ITC Infotech...
Delhi HC directs CCI to quickly decide on notice to Amazon
Delhi high court on Tuesday directed the Competition Commission of India (CCI) to expeditiously decide on its show-cause notice to Amazon on the revocation of approval given to the US-based company for the investment...
CCI to meet Amazon, Future Coupons on Jan 4
The Competition Commission of India (CCI) will meet Amazon and Future Coupons Pvt Ltd (FCPL) in January next year in connection with the approval given by the commission to the e-commerce giant’s investment in...
Future Group fires fresh salvo against Amazon.com Inc
Independent directors of Future Retail Ltd (FRL) have again asked the Competition Commission of India (CCI) to revoke its approval of a 2019 deal between a group company and Amazon.com Inc., alleging that the US retail...
FRL-RIL deal: SC judge offers to recuse; final hearing on November 23
Supreme Court judge Justice Hima Kohli on Thursday offered to recuse herself from hearing a batch of petitions arising out of the Amazon-Future Retail case, saying she and her family members have shares in Reliance...
Avenue Supermarts buys retail space in Bengaluru
Billionaire investor Radhakishan Damani’s company Avenue Supermarts has purchased retail space in Bengaluru valued at over ₹88 crore, said two people with direct knowledge of the development. Avenue Supermarts...
Reliance Retail acquires ‘amante’ from MAS Holdings
Reliance Retail Ventures Limited (RRVL) has acquired retail lingerie businesses under the ‘amante’ umbrella brand from MAS Brands, a wholly-owned subsidiary of Sri Lanka-based MAS Holdings, for an...
Future told to halt asset sale process
The Supreme Court on Thursday asked the Future Group to halt all proceedings related to its proposed ₹24,713 crore sale of retail assets to Reliance Industries Ltd till the legal dispute with Amazon.com Inc. is decided...
